A NASD news release said the organization has issued a new Investor Alert to help investors sort through the wide range of plans available, compare competing plans and make an educated choice about which 529 plan best suits their needs.
The new NASD offering also provides a comprehensive
review of 529 plan state tax breaks – currently offered
by 25 states and the District of Columbia – as well as
advice for comparing plan fees and expenses.
“The good news is that there’s no shortage of plans available – every state offers at least one 529 plan, and there are currently more than 80 college savings plans to choose from,” said NASD Vice Chairman Mary Schapiro. “But no two plans are the same. Fees and expenses vary greatly, and high fees and expenses can cut significantly into your returns, so you have to choose carefully.”